✖️On-chain data shows that more than 720 million XRP have been withdrawn from trading platforms since early June, reflecting increased activity from large holders and a reduction in immediately available supply.

🐋At the same time, whale wallets continue to account for the majority of XRP outflows, highlighting the dominant role of large investors in recent market movements.

📉Meanwhile, XRP’s Sharpe Ratio remains in negative territory, indicating continued weakness in risk-adjusted returns for the asset.